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F E D E R A L

R 3 S I E 7 E

BOARD
R&S M l - 6l
January 8, 1930

For release in morning papers
Friday, January 10.
RETAIL TRADE IN DECEMBER, 1929
Preliminary report

Department store sales for December were 2 per cent smaller than in the
corresponding month a year ago, according to preliminary reports made to the
Federal reserve system by 4y8 stores located in leading cities of all Federal
reserve districts.
Decreased sales were reported " y 365 stores and increased
b
sales by 113 stores.
Decreases were reported for nine Federal reserve districts, increases of
2 per cent for the New York and Richmond districts, and little change for the
San Francisco district. The reported decrease in sales in the other districts
varied from about one per cent in the Cleveland district to more than 6 per
In some districts,
cent in the St. Louis, Chicago, and Minneapolis districts.
particularly in the Middle West, heavy snowstorms were a factor in reducing
the volume of Christmas trade.
Percentage changes in total sales between December, 1928 and December,
1929 are given by districts in the following table:
Federal
reserve
district
United States
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

Note:

Percentage of increase or decrease in sales, December, 1929,
compared with December. 1Q28.

— 1.8
- 1.6

+ 1.8
t 2.8

- 1.3
+ 2.0
T 5.7

- 7.0
- 6.1

- 8.2

- 3.0
- 4.6

+ 0.2

'Number of stores
reporting—
Increase
Decrease
113

365

15

73
27

12

6

8

1

10

3
2

7
3

22

y

37
20
46
l4
16

17

45

The month had the same number of business days (25) this year and
last year.